Markets Open Without Crashing Entirely

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Photo: Mario Vedder/Chip Somodevilla/Getty Images

After a dip of 229 points in the market's opening moments, the Dow Jones Industrial average recovered by nearly 40 points to kick off a day that's expected to be tumultuous in the wake of the S&P downgrade. The S&P 500 and the NASDAQ also plunged, and gold took a big leap to $1700 an ounce. We just checked the forecast for Wall Street and it's expected to hit 90 degrees in lower Manhattan today — bad news for traders who are already sweating ... [MarketBeat/WSJ]